Do you know the potential cell tower lease rates in your area? Unfortunately, most homeowners are in the dark when it comes to such things as it’s not something they’re used to. That’s a tricky problem to say the least, because when you know very little about cell tower rates, you might get short-changed. So, it might be time to think about learning a few tips to help you during the negotiation process. Here are top five tips you might need while negotiating a cell tower lease.
Have an Expert on Your Side
While you may want to handle the negotiations yourself, it might not be totally advisable. Why is that? The cell tower companies have legal experts on their side and that means they have an advantage over you. No matter how smart you think you are or how many dirty tricks you know, there will always be something you don’t know and that’s where the other side can trap you. It’s essential to have a professional negotiator on your side or some help in the form of a lawyer. Professionals, especially lawyers, are the ideal people to turn to when you need help most. Hopefully, you can get cell tower lease rates that are reasonable for both sides. For more details, visit: https://www.towerleases.com/
Learn As Much As You Can
Do you know how long a typical cell tower lease would last for? Do you know the terms about cell towers? You are put on the back foot when you know very little about cell towers and leases. You might have used leases in the past on properties, but cell towers are completely different. There are lots of little things which could trap you and it’s what you want to avoid. Learn as much as you can and you might get better cell tower lease rates in the long-term.
There’s Always Room to Negotiate
If you’re renewing a lease, you might find the company wants to lower their costs and that means short-changing you. However, there is always room to negotiate. If you have a prime location, you’re going to want to negotiate for a fairer price because the companies are more than ready to negotiate. Of course, you shouldn’t be too greedy and push for more if the price has increased somewhat from your previous lease. That could catch you out, so be ready to negotiate but don’t be too greedy and hopefully, you’ll get cell tower lease rates that suit you.
Get Down To Business Quickly
A lot of homeowners try to put the negotiation phase until the very last second, in hopes of getting a better deal, but that’s not smart. Remember, cell tower companies can move to another home in the area if they really wanted to and you could lose out. You have to ensure this doesn’t happen! You have to keep on your toes and get down to business quickly and effectively. As soon as the company approaches you, get your lawyer on hand and negotiate. You’ll be surprised to find how reasonable the cell tower lease rates are.
Forget About getting more because there’s Larger Square Foot Space
Cell tower lease rates can vary considerably, but, just because you have more square footage, that doesn’t mean the price will increase any further. A lot of homeowners believe they can get more if their property is larger than that of the next door neighbor, but it’s not the case. Companies are paying to lease the land for their cell towers and it doesn’t matter how much land you have. Don’t hold out for more as it might not ever come.
Get a Reasonable Deal
Cell towers are an essential part of modern technology and there are thousands of property owners that have the ability to earn from their properties. However, cell tower leases can be tricky to negotiate, especially when you go into this alone. Getting someone in to help with the negotiation part can be essential and isn’t as difficult as you might think. Hopefully, you’ll get great cell tower lease rates and be able to net a tidy profit.